Unveiled at GFF 2206, the solution aims to streamline cash deposits through Aadhaar authentication
Mumbai, Sept 10: Fino Payments Bank (“Fino Bank”, “the Bank”) today announced that it went live with Aadhaar-enabled Payment System (AePS) three-party cash deposit (3PCD) service, an interoperable assisted-banking innovation developed by the National Payments Corporation of India (NPCI). The new service allows a depositor to walk into any of Fino Bank’s over 20 lakh points across the country and deposit cash into any Aadhaar linked bank account of a registered beneficiary – a significant step forward in advancing interoperable, assisted banking services across India.
NPCI officially launched the service on September 9 at Global Fintech Fest (GFF) 2026, in the presence of Shri Sanjay Lohiya, Secretary, Department of Financial Services, Ministry of Finance, Government of India, and Shri Saurabh Vijay, Chief Executive Officer, UIDAI.Fino Bank participated as a Proof-of-Concept (PoC) acquiring bank and is among the first banks to go live with the 3PCD service. The initial issuer-side ecosystem includes 10 banks.
Announcing the launch of the service, Ketan Merchant, Interim CEO, Fino Payments Bank said:, “The innovative offering extends the power of interoperability to cash deposits, allowing any bank’s customer to visit any Fino Bank outlet, to reliably send cash to any Aadhaar linked bank account across the country. It aligns perfectly with our purpose of enabling everyday banking for every Indian, and we are honoured to have partnered with NPCI for the customer centric offering. Going forward, we expect this service to gain traction and change the way Bharat banks.”
Leveraging its extensive assisted-banking network and deep-rooted last-mile presence across India, Fino Bank is well positioned to be a key enabler of this interoperable cash-deposit innovation. The service brings formal banking access closer to every Indian, in every corner of the country.